Director loans and dividends

[rehanann]

Hi;
My Tier1 G ILR due in Jan 2016, I am doing contracting from my own limited company from Nov14 , and I was permanent staff in Oct 14.

I have to show 55K from Oct 14 to Sept 15, as perm was earned 12917.99.

Contracting sal from Nov 14 to Sep 15 11000.00

Net Dividends 32640
Total 56557.97.

shares in me:wife as 80:20 partnership

But there is problem happen I was taking director loans from company account from Dec 14 to Jun 15, which was 22116.94, it happen because I fall into higher tax bracket.
total earning from Nov to Aug is 88K including VAT.
I have 20000 available in my company account in Jun2015, and according to accounts sheet I can draw upto 41800 Net Dividends.
I took 8000:2000 div and then after a week later return back to company account as returning as a company loan, until the loan is completed all the transaction was done on the month of July, later I took 13000 dividends from my company.
during this time my company is earning and funds are keep comming in to business account.
Also I never draw company VAT and Corporation tax in the business account while taking dividends from 10000.

My Accountant said this is totally legal and you have to return back company loan, by drawing the dividends.
now my question is the amounts I have draw and return back and then draw using the same 10000 until 22,000 is complete is this acceptable? because in my personal bank statements the amount of dividends comming and then week after I am returning back the loan to company account.
I know I have done hodge podge but this is my mistake.

pls reply, thanks for help.

[rehanann]

Hi;
my visa Tier1 general expire's on 8 Feb 2016, visa issued on 11 Jan 2011, landed on UK 6 Feb 2011.

I am looking a clarification about when I am eligible to apply for ILR?

[CR001]

No sooner than 28 days before 11 Jan 2016

[rehanann]

Hi;
I am running my Ltd company and working as a contractor.
there is an error made while transferring salary to my personal account.

my accountant gave me a list salary which need to be transfer start from Apr 2015 to Mar 2016.

I have made mistakes from May to Sept salary, below is the NET Salary figure.

Month Accountant Figure Bank Figure
May15 976.80 996.00
Jun15 976.80 996.00
Jul15 976.80 996.00
Aug15 976.80 996.00
Sept15 976.80 996.00

Accountant send his provided salary amount every month to HMRC PAYE.
my company year ends Aug2015 and accountant add the salary which I transfered to my personal account.

Please let me know how do we update HMRC the new salaries details, because I am going to apply my ILR on Jan16.

any help will be appricated.